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Of their 1.8bn in positive cash flows last Q, 1.7bn came from stock sales.

Of their 200mm positive cash flow from operations, **400mm came from taking deposits on a full year’s worth of production**

They have produced less cars in their entire existence than Ford does in a month, yet have comparable market caps.

They just acquired Solar City, which has a MASSIVE debt load, essentially with TSLA stock as the currency

They paid over 200mm in compensation last Q with TSLA stock comp.

Their production requirements will require raising another ~11bn

Competitors Chevy Bolt won MT car of the year 2017 (aka others with more experience and scale are catching up, or passing them)

Never in my life have I seen a company with such horrible fundamentals, it is INCREDIBLE. Please just look at a single K or Q. The growth required to justify their current valuation is just staggering..

I am debating the right way to do it now, and then will be opening up a significant Put position with a late enough expiry to wait this madness out.